Search Results: Adele Ferguson

The $6.2 billion the government will raise through a levy on bank liabilities not only shows how out of favour banks have become, it is also, in effect, a de facto tax on property lending - a counterbalance to negative gearing and capital gains tax breaks. It is a tax on property lending because nearly all the banks' loans are mortgages for housing, or business loans secured with property. Of course the banks will pass the extra cost on to their customers, so it becomes a tax on borrowers.

Most spin doctors are either former journalists, who have personal experience in how the industry works. If a story appears in the media, it is more often than not because some spin merchants want it to be there. Happily, there are exceptions. Gold Walkley winner Adele Ferguson did a brilliant exposé of the insurance industry that was definitely not on any spin doctor's agenda. Indeed it was a demonstration that spin has its limitations if the journalist is skilled enough to get beyond the wall.

As the Pope and economist Thomas Pikkety have observed in recent times, the inequity created by capitalism is a growing concern. But the problem with this argument is that 'capitalism' is too broad a term. The attack would be far better directed against the financialisation of developed economies. A new type of sovereign has emerged, and like all rulers they are cheerfully engaging in acts of plunder.

During the week, media power brokers portrayed Communications Minister Stephen Conroy as a Stalinist enemy of press freedom. This coincided with an assault on one of its core principles — the protection of journalists' sources — by Gina Rinehart, one of Australia's up and coming media barons. It appears politicians are scared to speak out.

At the time of the Apology to the Stolen Generations in February 2008, former Prime Minister Kevin Rudd committed Labor to halving the gap in employment incomes within a decade. It is now looking like another great moral challenge that Labor has given up on.